The non-fungible tokens, or NFTs market could have significant potential.
So much so, analysts at Jefferies just raised their market forecast for NFTs to $35 billion for 2022, and to more than $80 billion by 2025.
The analysts added that, “companies and celebrities are buying plots of virtual ‘land’ in The Sandbox and Decentraland, allowing them to digitally market, raise awareness and extend their brands. In November, there was a rush into digital real estate purchases, for which NFTs are the ‘digital building blocks.’”
All could be beneficial for companies such as Tokens.com Corp. (NEO:COIN)(OTCQB:SMURF), Coinbase Global Inc. (NASDAQ:COIN), Meta Platforms Inc. (NASDAQ:FB), Galaxy Digital Holdings Ltd. (TSX:GLXY)(OTC:BRPHF), and NVIDIA Corporation (NASDAQ:NVDA).
